The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support
to international institutions.

The New York Fed engages with individuals, households and businesses in the Second District and maintains an active dialogue in the region. The Bank gathers and shares regional economic intelligence to inform our community and policy makers, and promotes
sound financial and economic decisions through community development and education programs.

Transforming Communities: Driving and Assessing Investment, a collaboration between the Federal Reserve Bank of New York and Local Initiatives Support Corporation (LISC), gathered senior leaders from across the nonprofit, public, and private sectors in the Federal Reserve’s Second District to discuss the crucial role of community development finance in driving the transformation of under-resourced communities.

The conference first took an introspective look at existing investment vehicles and the assessment of their impact, and then tackled ways by which the field’s current successes can be replicated. Speakers also addressed the future of community development finance and how the ecosystem will evolve to achieve the ultimate goal of community transformation.

The content on this page is provided for informational purposes only. It does not represent the views of the New York Fed or any other part of the Federal Reserve System. The New York Fed and the Federal Reserve System do not sponsor or endorse the resources, tools, hyperlinks and other documents by third parties included throughout this section of the page.